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TPI India Ltd. — Major Shareholding Notification 2024
Apr 25, 2024
63701_rns_2024-04-25_088aee89-641b-4d72-8c0e-d94b316d5154.pdf
Major Shareholding Notification
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Date: April 25, 2024
To, Department of Corporate Service (DCS-CRD), BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001
Company Name: TPI INDIA LTD
Scrip Code: 500421
Subject: Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Achievement of Minimum Public Shareholding
Dear Sir,
We wish to inform you that Mr. Bharat C. Parekh, one of the Promoter of TPI India Limited (the “Company”), pursuant to his letter dated 25th April 2024 has informed the Company that he has sold 79,51,112 equity shares of the Company having face value of ₹1 each (representing 18.51% of the total issued and paid-up equity share capital of the Company) on April 23, 2024 and April 24, 2024, undertaken in accordance with the circular bearing reference number SEBI/HO/MRD/MRD-PoD3/P/CIR/2023/10 dated January 10, 2023 regarding the “Comprehensive Framework on Offer for Sale (OFS) of Shares through Stock Exchange Mechanism” issued by the Securities and Exchange Board of India, through the separate designated window of BSE Limited.
With the aforementioned sale of shares, the shareholding of the Promoter and Promoter Group in the Company has reduced from 93.51% of the paid-up equity share capital of the Company to 75.00% of the paid-up equity share capital of the Company
Post this sale of shares, the Company has complied with the Minimum Public Shareholding (MPS) as prescribed under Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, and Regulation 38 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
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This is for your information and records.
Thanking You,
For TPI INDIA LIMITED
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Hardik Jain Company Secretary and Compliance Of�icer